Acton Institute Powerblog Archives

Post Tagged 'economic growth'

Is Christianity Driving China’s Economic Growth?

For the past three decades China has been the world’s fastest-growing major economy, with growth rates averaging 10 percent a year for 30 years. As Brian J. Grim, founder and president of the Religious Freedom & Business Foundation, notes, there are many reasons for the growth, such as market mechanisms, modern technology and Western management practices. Continue Reading...

Is Religious Freedom Good for Economic Growth?

In the United States, we’ve only begun to see how impediments to religious liberty can harm and hinder certain businesses and entrepreneurial efforts. Elsewhere, however, particularly in the developing world, religious restrictions and hostilities have long been a barrier to economic growth. Continue Reading...

The Moral Value of Economic Growth

In 1820, America’s per capita income averaged $1,980, in today’s dollars. But by 2000, it had increased to $43,000. That economic growth has benefited the rich, of course. But it has also transformed the lives of the poor — and prevented many more from becoming or staying poor. Continue Reading...

10 Perils of Prosperity

Sustained prosperity is new and sustained prosperity for masses of people is completely unprecedented. What is sustained prosperity? It’s three or more generations of people who do not need to focus on survival or live in economic depression, but who can live comfortably even if they live paycheck to paycheck. Continue Reading...

How Did the Global Poverty Rate Halve in 20 Years?

From 1990 to 2010, the global poverty rate dipped from 43% to 21%. The Economist explains why the rate halved in twenty years: How did this happen? Presidents and prime ministers in the West have made grandiloquent speeches about making poverty history for fifty years. Continue Reading...

Texas: Big, Hot, Cheap and Right in the New York Times!

Brian Burrough has a mostly enjoyable New York Times review of a book that’s mostly positive about my native state’s mostly small-government formula for economic growth. Some excerpts: Ms. Grieder, a onetime correspondent for The Economist who now works at Texas Monthly, and a Texan herself, has written a smart little book that … explains why the Texas economy is thriving. Continue Reading...

The Magic of the Washing Machine

What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine. Rosling explains how the productivity gains of the washing machine (and similar labor-saving devices) lead to increases in education and economic growth in the developing world. Continue Reading...